Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $42,790 7,245 17,240 41,500 29,430 24,800 27,725 43,640 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Current assets Total current assets $ o Property, plant and equipment 0 Total property, plant and equipment Total assets $ 0 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities 0 Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0